Is Bel-Ridge, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bel-Ridge is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Bel-Ridge has remained a Seller's Market.

Key Takeaway

Bel-Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bel-Ridge, MO

How much do homes in Bel-Ridge, MO cost?

Median Sold Price

$131,000

$85/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$62,700(+91.8%)

Key Takeaway

Homes in Bel-Ridge have sold for 91.8% more than they did a month ago.

Summary: The median home sold price in Bel-Ridge was $131,000 in December 2024, up 91.8% from last month, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$24K
N/A
2 $50K$79K
+58.0%
3 $121.6K$175K
+43.9%
4 --
N/A
5+ --
N/A

Summary: Bel-Ridge housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58%, 3 bedroom homes increased by 43.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Bel-Ridge, MO

How many homes are available in Bel-Ridge, MO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1315+15.4%

Summary: The Bel-Ridge real estate market had 15 homes for sale in December 2024, a 15.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 57
+40.0%
3 87
-12.5%
4 00
0.0%
5+ 00
0.0%

Summary: The Bel-Ridge housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bel-Ridge, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Bel-Ridge in December 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Bel-Ridge, MO

How long does it take to sell a home in Bel-Ridge, MO?

Average Sale Time

Nov 2024Dec 2024CHANGE
55 Days27 Days-50.6%

Summary: Homes in Bel-Ridge had an average of 27 days on market in Dec 2024, down by 50.6% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bel-Ridge are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in Bel-Ridge; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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